E.ON CEO Filip Thon publicly opposed fuel price relief in Germany. Thon called for a reduction in the electricity tax to incentivize e-mobility over fossil fuels. This strategy aims to support the national transition to electric vehicles.
E.ON guaranteed stable electricity and gas prices for existing customers through 2026. A long-term procurement strategy enables this price security. The utility provider serves 11.3 million electricity customers in Germany. It also manages 2.3 million gas customers across the country.
E.ON shares dropped as much as 1.94% to €17.43 in XETRA trading following the announcement.